A Project Has the Following Cash Flows A)1121 Percent
B)10

Multiple Choice

A project has the following cash flows.What is the internal rate of return? $$\begin{array} { | c | r | } \hline \text { Year } & \text { Cash Flow } \\\hline 0 & - \$ 89,300 \\\hline 1 & 32,900 \\\hline 2 & 64,200 \\\hline 3 & 5,800 \\\hline\end{array}$$

A) 11.21 percent
B) 10.47 percent
C) 10.72 percent
D) 8.57 percent
E) 9.19 percent